Description

BSE updates Long Term Additional Surveillance Measure framework with securities being added, moved, and removed from various ASM stages effective August 8, 2025.

Summary

BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 8, 2025. The circular details securities being newly added to LT-ASM, securities moving out of the framework, and provides a consolidated list of all securities under various ASM stages.

Key Points

  • 3 securities newly shortlisted in Long Term ASM Framework: Benara Bearings and Pistons Ltd, BGR Energy Systems Ltd, and Mirc Electronics Ltd
  • 2 securities moving out of LT-ASM Framework: Ortin Global Ltd and Shree Pacetronix Ltd (both due to inclusion in ESM Framework)
  • No securities moving to higher or lower ASM stages within LT-ASM
  • No securities moving to Direct Stage IV LT-ASM
  • Consolidated list includes securities across different ASM stages (I, II, III, IV)

Regulatory Changes

  • Implementation of Long Term Additional Surveillance Measure on identified securities
  • Securities marked with special indicators based on specific criteria (NSE alignment, non-promoter holding, T+0 scrips)
  • Movement of securities between different surveillance frameworks (LT-ASM, ESM, GSM, IBC, Trade for Trade)

Compliance Requirements

  • Trading members must comply with LT-ASM requirements for listed securities
  • Enhanced monitoring and surveillance measures apply to securities in the framework
  • Special trading restrictions and margin requirements may apply to securities under ASM

Important Dates

  • Effective Date: August 8, 2025 - All LT-ASM framework changes become applicable

Impact Assessment

  • Trading Impact: Securities under LT-ASM face enhanced surveillance with potential trading restrictions
  • Market Impact: Moderate impact on specific securities and their trading patterns
  • Investor Impact: Investors in affected securities should be aware of additional surveillance measures and potential liquidity constraints
  • Compliance Impact: Trading members need to ensure adherence to LT-ASM requirements for the updated list of securities

Impact Justification

Routine surveillance measure updates affecting specific securities with trading restrictions